Five9, Inc. $FIVN Holdings Decreased by Gagnon Securities LLC

Gagnon Securities LLC lessened its position in shares of Five9, Inc. (NASDAQ:FIVN) by 21.6% in the third quarter, Holdings Channel.com reports. The institutional investor owned 566,846 shares of the software maker’s stock after selling 155,852 shares during the period. Five9 makes up 3.3% of Gagnon Securities LLC’s holdings, making the stock its 7th biggest holding. Gagnon Securities LLC’s holdings in Five9 were worth $19,278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Anson Funds Management LP boosted its position in shares of Five9 by 35.6% during the 1st quarter. Anson Funds Management LP now owns 2,086,675 shares of the software maker’s stock valued at $31,655,000 after purchasing an additional 547,304 shares in the last quarter. S Squared Technology LLC acquired a new stake in Five9 during the second quarter worth approximately $10,983,957. Deutsche Bank AG bought a new stake in Five9 in the second quarter worth approximately $10,432,000. Bank of New York Mellon Corp bought a new stake in Five9 in the second quarter worth approximately $10,429,000. Finally, Allianz Asset Management GmbH acquired a new position in Five9 in the second quarter valued at approximately $6,690,000. Institutional investors and hedge funds own 96.64% of the company’s stock.

Insider Buying and Selling

In related news, President Andy Dignan sold 17,767 shares of the stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $35.03, for a total transaction of $622,378.01. Following the sale, the president owned 257,920 shares of the company’s stock, valued at approximately $9,034,937.60. This represents a 6.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Bryan M. Lee sold 19,308 shares of the firm’s stock in a transaction dated Friday, September 4th. The stock was sold at an average price of $33.34, for a total value of $643,728.72. Following the completion of the transaction, the chief financial officer owned 290,643 shares of the company’s stock, valued at approximately $9,690,037.62. This represents a 6.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 83,831 shares of company stock valued at $2,821,366 in the last ninety days. 1.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Cantor Fitzgerald lifted their price target on shares of Five9 from $34.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, September 21st. Piper Sandler increased their price objective on shares of Five9 from $24.00 to $30.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Royal Bank Of Canada raised their target price on Five9 from $25.00 to $35.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Zacks Research lowered Five9 from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 9th. Finally, Truist Financial decreased their target price on Five9 from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, November 6th. Twelve equities research analysts have rated the stock with a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat, Five9 currently has a consensus rating of “Moderate Buy” and an average target price of $33.94.

Five9 Price Performance

Shares of NASDAQ FIVN opened at $28.07 on Thursday. The stock has a fifty day simple moving average of $34.18 and a two-hundred day simple moving average of $24.64. Five9, Inc. has a 1-year low of $13.29 and a 1-year high of $40.00. The firm has a market cap of $2.11 billion, a price-to-earnings ratio of 20.11 and a beta of 1.56. The company has a current ratio of 4.00, a quick ratio of 4.00 and a debt-to-equity ratio of 0.88.

Five9 (NASDAQ:FIVN) last released its quarterly earnings data on Thursday, November 5th. The software maker reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.02. The business had revenue of $323.30 million during the quarter, compared to analyst estimates of $319.04 million. Five9 had a net margin of 4.51% and a return on equity of 12.85%. Five9’s revenue was up 13.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.78 EPS. Analysts anticipate that Five9, Inc. will post 1.52 earnings per share for the current year.

About Five9

Five9 provides cloud-based contact center software that helps businesses manage customer service and sales interactions. Its platform supports communications across channels such as phone, email, chat and messaging, and includes tools for routing, reporting and managing customer interactions. The company also offers artificial intelligence capabilities, including virtual agents and agent-assistance tools, along with workforce engagement and analytics products. These services are designed to help organizations automate routine interactions and support human agents.